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80042 Mesa Drive
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | Listed by 29 Palms Realty | $225,000 | |
| Listed by 29 Palms Realty | |||
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Welcome to Wonder Valley. This charming 400 square ft Single-Family Residence sits on a sprawling 5-acre lot, nestled next to the breathtaking Godwin Mountains. Currently a highly successful vacation rental on Airbnb, this property is an excellent investment opportunity or a perfect retreat for your own getaway.
Step inside to discover a cozy and efficient living space with an updated kitchen equipped with modern appliances, ensuring all your culinary adventures are a breeze. The property boasts essential upgrades, including a new water pump, 40-gallon hot water heater, and upgraded electrical system with 220V and new breakers—all up to code for your peace of mind. Septic has also recently been pumped in the last 6 months.
Outside, the expansive 5-acre lot offers unparalleled privacy with a private fence and the convenience of hauled water. Relax on the amazing front porch and take in the stunning panoramic views of the Godwin Mountains, perfect for enjoying your morning coffee or evening sunsets.
Whether you're seeking a lucrative rental property or a tranquil retreat, this Wonder Valley gem promises an unforgettable experience in the heart of the desert. Don't miss your chance to own this unique slice of paradise!
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| Feb 11, 2019 | Sold | ||
| Sold | |||
| Nov 11, 2018 | Listed by Joshua Tree Modern | $79,900 | |
| Listed by Joshua Tree Modern | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017